The citizens of Spencer County approved the issuance of $2,000,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for that purpose. The preclosing trial balance of the courthouse annex capital project fund follows: Trial Balance-December 31, 2020. Cash Contract payable Due from state government Encumbrances Expenditures-capital Credits Debits $ 400,000 $ 250,000 75,000 120,000 2,160,000 Intergovernmental grant OFS: premium on bonds OFS: proceeds sale of bonds Budgetary fund balance-Reserve for encumbrances OFU: Transfer out 385,000 25,000 2,000,000 120,000 25,000 $2,780,000 $2,780,000 Required: a. Prepare any closing entries necessary at year-end. b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund. c. Prepare a Balance Sheet for the courthouse annex capital project fund, assuming all unexpended resources are restricted to construction of the courthouse annex. Complete this question by entering your answers in the tabs below. Required A Required B Required C